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SpareBank 1 SMN: Pillar 2 requirement fulfilled

Mittwoch, 30.11.2016 09:40

The Financial Supervisory Authority of Norway has completed its evaluation of SpareBank 1 SMN's capital adequacy process - SREP - for 2016. The Pillar 2 requirement for SpareBank 1 SMN stands at 2.1 % of the risk-weighted balance.

The Pillar 2 requirement is connected to risk factors not captured by the Pillar 1 requirements, and must therefore be covered by common equity tier 1.

The requirement for CET1 for SpareBank 1 SMN after this announcement will be 13.6 % at the end of 2016. SpareBank 1 SMN had a CET1 ratio of 14.3 % at the end of September 2016. SpareBank 1 SMN therefore considers itself to be well within the regulatory requirements in relation to capital adequacy.


This information is disclosed in compliance with section 5-12 of the Securities Trading Act. 
 


Trondheim, Norway, 30 November 2016

Contact persons in SpareBank 1 SMN: 
Kjell Fordal, CFO. Tel. +47 905 41 672 
Ola Neråsen, CRO. Tel. +47 918 09 722 
Hans Tronstad, Director of communications. Tel. +47 941 78 322

 

 

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SpareBank 1 SMN via Globenewswire